According to Cointelegraph, Bitget plans to acquire a locally licensed cryptocurrency exchange in Thailand weeks after suffering a $388 million security breach. The acquisition would provide Bitget with access to Thailand’s crypto market through the acquired operator. No further details about the target exchange, timeline, or financial terms were provided.
The move comes shortly after the hack, which resulted in a loss of $388 million for Bitget. The company has not announced any changes to its security measures or regulatory compliance as part of the acquisition plan.
